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Mukesh Ambani blinks, drops gas price challenge against govt

Mukesh Ambani blinks, drops gas price challenge against govt

The withdrawal of the arbitration will now entitle the two companies to marketing and pricing freedom on the natural gas they produce from newer fields in the deepsea at an investment of Rs 40,000 crore by 2022.

'Gas price cut to bring down urea subsidy bill by Rs 930 cr'

The near 8 percent cut in domestic natural gas price will help bring down urea subsidy bill by Rs 930 crore, India Ratings & Research (Ind-Ra) has said.

Natural gas price to be cut by 9% to $4.56 from April 1

In the first ever reduction in domestic natural gas prices, the rates will be slashed by 9 percent to USD 4.56 per unit from April 1 to reflect the softening in international prices, benefiting users in the power and fertiliser sectors.

Secretaries panel to review gas price formula

Nearly two months after it put off a steep gas price revision, the government has constituted a four-member committee of secretaries to hold consultations with stakeholders before deciding on the quantum of hike.

Gas price revision can happen even before October 1: Pradhan

Weeks after implementation of a contentious gas pricing formula was put off by three months, Oil Minister Dharmendra Pradhan on Saturday indicated that gas price revision may happen well before October 1.

RIL says gas price revision delay may stall $4 bn investment

With the Oil Ministry indicating that a new gas price may be delayed by a quarter, Reliance Industries has said the postponement may stall USD 4 billion of investment in KG-D6 block's second-biggest gas field.

RIL slaps arbitration notice over delayed gas price revision

RIL and its partners were to get a new rate from April 1 for gas from their Krishna Godavari basin KG-D6 fields.

RIL asks EC to reconsider order on deferring gas price hike

Hit hard by Election Commission deferring gas price revision, Reliance Industries has written to the poll watchdog asking it to reconsider the directive as the decision to raise rates was taken months before polls were declared and even the Supreme Court has not stayed the move.

Gas price revision to spur investment: Moily

Amidst a row over his ministry's proposal to raise natural gas prices, Oil Minister M Veerappa Moily on Wednesday said the revision in rates was a contractual requirement which will help remove policy uncertainty and spur investments that have almost dried up.